Seeing that the annualized staking yield of WCT once reached 85%, it's hard not to wonder: is such a high yield maintained by printing money? Will it be like certain projects, rising quickly and falling even faster?
Indeed, part of the early high yields came from token releases, but the logic behind it is not simply 'issuing new tokens to pay old ones.' The essence of WCT's staking design is 'ecological binding'—the longer the lock-up period, the higher the rewards, aiming to attract long-term holders rather than short-term speculators. This complements its governance function: locked tokens can participate in voting, meaning that those who truly believe in the project can earn rewards while also influencing the direction of the protocol.
From the data, the staking mechanism has been in operation without any large-scale sell-offs, and instead has promoted ecological stability: node operators and developers earn rewards through staking, further improving protocol functionality. With the potential future activation of relay service fees (paid in WCT), the revenue model will rely more on real ecological income, and the risk of bubbles will gradually decrease.